Does the Fed Act Gradually? A VAR Analysis

Macroeconomics and Reality

1980 • 12,249 citations

Discretion versus policy rules in practice

1993 • 9,049 citations

Econometric policy evaluation: A critique

1976 • 5,457 citations

Interest rates and the conduct of monetary policy

1991 • 448 citations

Federal Reserve interest rate targeting, rational expectations, and the term structure

1995 • 374 citations

Interest rate smoothing and price level trend-stationarity

1987 • 178 citations

Inflation/Output Variance Trade-Offs and Optimal Monetary Policy

1997 • 174 citations

Efficient Rules for Monetary Policy

1997 • 166 citations

Why Does the Fed Smooth Interest Rates?

1991 • 103 citations

Uncertainty, Learning, and Gradual Monetary Policy

1998 • 85 citations

Inflation Indicators and Inflation Policy

1995 • 43 citations

Learning by Doing and the Value of Experimentation

1996 • 4 citations